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If the economy is operating at a point less than full employment (as it is now), what would we want to see happen to GDP? For right now, let's just look at the C (consumption) component of our GDP equation. What would we want to see happen to consumer spending to boost GDP? What could the Government do to increase consumer spending? Hint: Think about disposable income.
A firm in a purely competitive industry is currently producing 1,000 units per day at a total cost of $450. If the firm produced 800 units per day, its total cost would be $300, and if it produced 500 units per day, its total cost would be $275. If e..
Which type of unemployment would be affected with the following changes? Would it go up or down? a. increased unemployment benefits b. heavy snowfall in Minnesota c. online job search becomes more effective d. a large, permanent decrease in the deman..
Explain how much does the total amount of deposits in the banking system increase? By how much does the money supply increase.
The United States can make certain toys with greater productive efficiency than can the China. Yet we import those toys from China.
explain exactly how you would take advantage of this situation to create a riskless profit.
A market in which there are many firms each selling differentiated products is most likely a ________ market.
A firm produces output according to a production function: How much output is produced when K = 2 and L = 3? If the wage rate is $40 per hour and the rental rate on capital is $20 per hour, what is the cost-minimizing input mix for producing 4 units ..
Elucidate the drastic change also Illustrate what this meant for the U.S. population.
"The term investment, as used by economists, refers to the purchase of bonds and shares of stock." "The demand for money does not depend on the interest rate because only bonds earn interest." What is this person’s demand for money when the interest ..
was low at a point and time in past human capital is also relevant never ever use selection bias! Equipment is it investment or is it technological change.
while average labor productivity increases at the same rate as it did during 1960-2009. Under this scenario, what would be the net change in real GDP per person between 2009 and 2058?
Provide an example when it could be appropriate to conduct a time-series or cross sectional data. Discuss the potential problem that may arise with your example and identify strategies for minimizing the impact of the potential problem.
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